2012-11-01
2012-11-30
x KQEH
x darren gersh

PROGRAM
Nightly Business Report 12
STATION
KQEH (KQED Plus) 12
DATE
Nov 27th (Tue) 1
Nov 29th (Thu) 1
Nov 23rd (Fri) 1
Nov 30th (Fri) 1
Nov 16th (Fri) 1
Nov 3rd (Sat) 1
Nov 2nd (Fri) 1
Nov 6th (Tue) 1
Nov 8th (Thu) 1
Nov 15th (Thu) 1
Nov 14th (Wed) 1
Nov 1st (Thu) 1
LANGUAGE
English 12
TOPIC
darren gersh 12
washington 12
s&p 9
new york 8
sandy 8
china 4
erika miller 4
europe 4
obama 4
suzanne pratt 4
apple 3
diane eastabrook 3
nbr 3
new york city 3
boehner 2
fema 2
( more )

Set Clip Length:

KQEH - Nightly Business Report
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Nov 2, 2012
KQEH
Nightly Business Report
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Nov 2, 2012


the election. u.s. businesses added 171,000 jobs in october across many industries. four days after sandy, the gas crunch in jersey, access to cash in the northeast and controversy nixes sunday's running of the new york ci maratho that and more tonight on "n.b.r.!" we begin with jobs. employers beefed up their payrolls last month, adding more bs than expected as more americans counted themselves among the labor forcbs the official labor department count shows 171,000 jobs wereor created last month. that's much stronger than the 125,000 analysts were looking for. and the government revised its september w job count up to 148,000. thanks to more people lookingco for work, the unemployment rate rose slightly t7.9%. darren gersh has the story from washington d.c. >> reporter: the october employment report makes it clear a jobs recovery is solidly underway. >> i think the key message there is that employment growth has been taken up a notch. over the last three months we've added over 170,000 jobs on average. that's a little bit better than what we've been seeing. that is enough over the long
KQEH - Nightly Business Report
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Oct 31, 2012
KQEH
Nightly Business Report
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Oct 31, 2012


evening i susie gharib. u.s. stocks are trading again, after hurricane sandy forces an historic two-day shutdown. >> gom: llll street gets back to business, as damage and recovery estimates start to climb, plus,e what it takes to restore power to millions in the northeast. >> susie: and with stocks open for trading, no surpri, home depot was the dow's standout., >> tom: lots ahead, that and more tonight on "n.b.r."! >> susie: an historic day on here on wall street, after the storm of the century knocked down the financial district. us stoto markets resumedtsed operations today after two days in the dark, stocks were little changed: both the dow and the nasdaq fell 10 points, but the s&p 500 gained a fraction. trading here at the new york stock exchange opened without a hitch. th new york stock exchange opened right on time. and as new york's mayor bloomberg rang the opening bell this morning, traders were happy to be back to work. it looked like a normal day, with the buzz of activity, traders milling about. it was anything but normal no one knows that better than larry leibowitz, t
KQEH - Nightly Business Report
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Nov 1, 2012
KQEH
Nightly Business Report
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Nov 1, 2012


that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey andew york city here's an update: four and a half million people are still without power, and it could take another ten days before power is restored. limited flights have re ad atme all of the airports in the new york area.at public schools are still closed in the city, as well as many schools in new jersey. and filling up on gas is the toughest problem of all. gas stations are running dry, and others do not have electricity to pump gas. motorists lined by the hundreds in new jersey, waiting and hoping for fuel. still ahead, we have more on sandy: flood insurance, the cost of getting power turned back on, and the challenge of getting around america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates th
KQEH - Nightly Business Report
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Nov 5, 2012
KQEH
Nightly Business Report
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Nov 5, 2012


: wall street is hardly back to normal, with reminders of hurricane sandy still obvious everywhere. but, at least the presidential election could provide a distraction for the coping with the storm's aftermath. the question is will the stock market continue to distract in the days following tomorrow'sng big contest? that may depend on its outcome. like many on wall street, nyse trader jonathan corpina predicts a mitt romney win will ba biga win for stock prices. >> i think when you see new regimes, new presidents come in to play isort of a turmoil time, that change is always viewed as good and the market views that as good news. >> reporter: on the other hand, corpina doesn't think the re- election of president obama will trigger a selloff.so more likely he would expect to see status quo for stocks. >> i think people have bought intohe fact that the market is going to take a long time to recover, our economy is going to take a long time to recover and the market has seemed to stay on the track so to speak.in >> reporter: of course there is also the possibility however remote, that it mi
KQEH - Nightly Business Report
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Nov 15, 2012
KQEH
Nightly Business Report
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Nov 15, 2012


benefits jumped to a one-and-a-half year high, surging 78,000, thanks to super- storm sandy. the total was 439,000. meantime, consumer inflation slowed to a one tenth of a percent increase, thanks to lower energy prices. without food and energy, core inflation was up two tenths of a percent. on wall street, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the economy is faring, it pays to keep an eye on walmart. after all, it has over 10,000 stores across the globe, selling more than $1 billion worth of stuff every day. it earned $1.08 per share in the third quarter, a penny more than estimates, and up 11% from last year. but revenues were a little shy of forecast, and walmart's outlook for this quarter was less than anticipated. compare that to rival target's quarterly earnings-- four cents better than expectations at 81 cents a share and a holiday outlook that didn't disappoint. erika miller reports on what the results say about all-important the holiday season. >> reporter: $3.6 billion. that almost unthinkable number is
KQEH - Nightly Business Report
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Nov 13, 2012
KQEH
Nightly Business Report
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Nov 13, 2012


results don't even include the sales lift from superstorm sandy. home depot also raised its profit outlook for the year. if housing continues to improve, experts say it's a bullish sign for the rest of the economy. >> now, as we start to see residential investment recovery, that should help other sectors of the economy through demand for building materials, through more demand for other products-- furniture, you name it! >> reporter: she's optimistic housing will remain one of the few bright spots in an otherwise sluggish recovery. erika miller, "n.b.r.," new york. >> susie: it was an unhappy earnings story in the third quarter for saks. the upscale department store said sales and profits were hurt by a modest spike in promotions. on top of that, saks expects sales to be flat in the current holiday period because of a slow start to november due to hurricane sandy. noow, trouble at saks underscores new worries spreading throughout the luxury sector about the all important holiday season. suzanne pratt reports. >> reporter: on manhattan's 5th avenue, it's beginning to look a lot like christm
KQEH - Nightly Business Report
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Nov 14, 2012
KQEH
Nightly Business Report
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Nov 14, 2012


slid 0.3% in october, more than expected, and the first decline in three months. hurricane sandy was behind at least some of the sales decline. but there are fresh worries today about the underlying strength of the american consumer. suzanne pratt reports. >> reporter: hurricane sandy is going to get blamed a lot in the coming weeks for soft economic data. and, rightfully so. after all the superstorm paralyzed a good chunk of the northeast for at least a week. that meant, no shopping, no eating out, and no filling up the tank. >> clearly, the retail sales data were weak and they were weak across a lot of categories. the commerce dept did talk about the affects on hurricane sandy on the numbers. but, it's hard to quantify. >> reporter: the question is whether that consumer paralysis will continue into the all important holiday retail season. many economists say that really depends on whether americans feel secure in the their jobs. here's the good news: there has recently been some improvement on the labor front. on top of that, many shoppers are finding their wallets are thicker
KQEH - Nightly Business Report
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Nov 28, 2012
KQEH
Nightly Business Report
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Nov 28, 2012


spiking because of hurricane sandy. that's welcome relief to many drivers, but it still costs more to fill up your tank now compared to a year ago. erika miller reports from one of the most expensive cities to fill 'er up. >> reporter: here in new york city, the long lines and gas rationing are finally gone, but there's more good news. like the rest of the nation, gas is actually cheaper now than before superstorm sandy. a month ago, superstorm sandy shut down refineries in the northeast, delayed oil shipments and left many gasoline stations without power. in some hard hit areas, prices spiked more than ten cents a gallon. but now, the situation has drastically improved here and around the country. regular unleaded costs an average of $3.42 nationwide. that's 12 cents below where it was a month ago. but drivers are still paying about 12 cents more for gas today than a year ago. a big reason is escalating middle east tensions. >> anytime you have that kind of conflict in the middle east, whether it's the israelis or the egyptians, the syrians, it really the disruption of flow, you know. any
KQEH - Nightly Business Report
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Nov 29, 2012
KQEH
Nightly Business Report
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Nov 29, 2012


spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and m
KQEH - Nightly Business Report
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Nov 7, 2012
KQEH
Nightly Business Report
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Nov 7, 2012


from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
KQEH - Nightly Business Report
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Nov 26, 2012
KQEH
Nightly Business Report
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Nov 26, 2012


at columbia university. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods fell 2.1%. kraft trade
KQEH - Nightly Business Report
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Nov 22, 2012
KQEH
Nightly Business Report
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Nov 22, 2012


with sandy that, you know, climate change is upon us. we have to start doing something about climate change and global warming. >> tom: as we're facing this fiscal cliff, this dividend cliff at the end of the year, what is your message to your shareholders, those shareholders of your stock that rely on quarterly dividend checks? >> i would say be patient. hang in there. i think if we have parity and combined with that tax reform and a fix to our financial situation, our deficit situation, that, you know, investors will do very, very well. but we have to fix our country's fiscal problems first and foremost. if that ultimately involves a small increase in taxes on investments but at the same time we have tax reform and, you know, we fix the budget, i think our economy will do very well and i think investors in our company but also many other companies will do quite well. >> tom: lew, thank you very much. the chairman of next-era energy. >> thank >> tom: for more research on investors and how they tend to spend dividends, but won't touch capital gains, head to our website nbr.com and look for

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